Question 1- Financial ratios are used to analyze the relationships between data elements found on the financial statement. Critically discuss the following ratios measure: Profitability ratios, Liquidity ratios, Debt Performance ratios, and Asset Management ratios.
Question 2- Financial budgets can be developed in different ways, depending on the needs of the organization. Discuss the difference between the following 3 types of budgets: Traditional budget, Flexible budget, and Zero-based budget.